The renowned analyst Alex Kruger predicts a rally for the two largest cryptocurrencies by market capitalization in the next few days.

Kruger told his 104,800 Twitter followers that a rally could be held later this year, fueled by non-leveraged dealers.

According to the analyst, Bitcoin (BTC) could soar to $ 55,000 while Ethereum (ETH) could hit an all-time high.

“I think the chances are very good that BTC could see a rally towards the end of the year. It shouldn’t be too surprising to see BTC hit highs of over $ 50,000 again and ETH rebound to all-time highs.

There are too many market players who have sold and it can be difficult to change their minds and buy back. Those who sold will hate this rally. ”

Bitcoin is trading at $ 46,400 at the time of writing. Ethereum is trading at $ 3,900, nearly 20% less than its all-time high of $ 4,878.

Kruger says he sees Bitcoin soaring from $ 50,000 to $ 55,000 in the mid-price range due to the presence of an air bubble (which triggered the sharp drop).

“I thought BTC was going to go over $ 50,000 because there was an air bubble in there.”

The source: Kruger Macro / Twitter

Kruger added that although the Federal Reserve (Fed) has decided to raise rates from 2022 and reduce the volume of asset purchases, the bull cycle is not over. However, the uptrend will see more corrections than in the past.

“The Fed has already started tightening the tightening and the asset purchase program is phased out, so for now it is a good idea to lower growth expectations.

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